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On September 4, Goldman Sachs predicted that the RMB will continue to appreciate in an orderly manner in the future, with an annual increase of about 3% to 5%; it is expected to rise to 6.0 yuan to 1 US dollar by the end of 2028, and 5.5 yuan to 1 US dollar by the end of 2031. Goldman Sachs believes that this gradual appreciation is the best policy choice to balance export shares, financial security, and the overall macroeconomic situation, adding that this orderly and predictable pace of appreciation will support other Asian currencies.
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On September 4, Goldman Sachs predicted that the RMB will continue to appreciate in an orderly manner in the future, with an annual increase of about 3% to 5%; it is expected to rise to 6.0 yuan to 1 US dollar by the end of 2028, and 5.5 yuan to 1 US dollar by the end of 2031. Goldman Sachs believes that this gradual appreciation is the best policy choice to balance export shares, financial security, and the overall macroeconomic situation, adding that this orderly and predictable pace of appreciation will support other Asian currencies.
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